See Home Value
Cumberland
51 Meadow Lane
$864,000 - $1,056,000
House - Off Market

51 Meadow Lane

New Gloucester, ME 04260
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2682 Sqft
Sold Aug 13, 2021
$850,000
$528,250 by Academy Mortgage Corp
Mortgage
Sold Aug 02, 2021
$660,300
$528,250 by Academy Mortgage Corp
Mortgage

About This Property

Attention horse enthusiasts! Discover the rustic allure of this charming John Libby Post and Beam home featuring passive solar design, nestled within New Gloucester's exclusive equine community. This residence boasts two fully renovated bathrooms, upgraded flooring, fresh paint, kitchen enhancements, and newly installed hardwood flooring in a spacious family room and one bedroom. The extensive landscaping showcases local flora and fauna, enhancing the property's appeal.

A highlight of this property is its barn, complete with cement flooring and seven matted stalls, alongside a feed room and ample hay storage for over 280 bales. Outdoor amenities include two riding arenas, a round indoor arena, two pastures, and two sand paddocks with stone dust and lean-tos. Additionally, two outside paddocks feature automatic waterers, with over $50,000 invested in fencing and $10,000 dedicated to securing the arena footing and installing new garage doors.

Indulge in the luxury of the indoor riding arena equipped with a mirror and heated viewing room, which conveniently serves as a tack room. Unwind as you watch your horses graze from the spacious kitchen, or pursue your hobbies in the garage workshop. Delight in the serenity of the screened porch and revel in the privacy of a yard shielded from neighboring views.

Nature enthusiasts will appreciate the proximity to the Royal River trail, while equestrians can explore miles of trails at the nearby Big Falls Preserve. For additional recreational opportunities, Trio Farm, offering cross-country fields and lessons, is conveniently adjacent, with Tail Draggers Boarding & Horseback Riding Lessons just across the street.

The manager has listed the unit size as 2682 square feet.
Unit Size
2,682Ft²
Days on Market
-
Land Size
8.40 acres
Price per sqft
$358
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1986

Price History

Date / Event Date Event Price
Jun 8, 2024 No longer available -
No longer available
Jun 7, 2024 Relisted $960,000
Relisted
Apr 8, 2024 No longer available -
No longer available
Feb 7, 2024 Price Decreased $960,000
↓ $35K (3.5%)
Price Decreased
Dec 2, 2023 Price Decreased $995,000
↓ $105K (9.6%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Concrete
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 365,904
  • Total Building Area: 980
  • Building Area: 980
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 980
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 8.4
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HOUGH KENNETH R
  • Current Owner 2: HOUGH TERESA L
  • Previous Owner : GRAY ARTHUR R
  • Previous Owner 2: GRAY JENNIFER B
  • Owner Before Previous Owner: HOUGH KENNETH R
  • Owner Before Previous Owner 2: HOUGH TERESA L

Neighborhood

  • School District Name: School Administrative District 15
  • School Tax School District: RSU 15/MSAD 15
  • Census Tract: 011500

Zoning

  • Zoning: BB

Geography

  • Account Number: 1699
  • Parcel: NEWG M:0011 L:0061-F
  • Lot: 61-F
  • Municipality: NEW GLOUCESTER
  • Latitude: 43.9795
  • Longitude: -70.2616

    Address

  • Full Address: 51 Meadow Ln
  • Address - House Number: 51
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: ME
  • City Name: New Gloucester
  • Carrier Code: R004
  • 4-Digit Zip Code: 3626
  • Zip Code: 04260

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,247

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 76
  • Final Value: 920,436
  • High Value: 1,084,394
  • Low Value: 756,478

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $528,250
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 02, 2021
  • First Open Lien Mortgage Loan Amount: $528,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437,174
  • Assessed Land Value: $148,100
  • Assessed Improvements Value: $289,074

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 13, 2021
  • Current Sale Transaction ID: 11850299966
  • Current Sale Price: $850,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 58767
  • Previous Sale Recording Date: Aug 02, 2021
  • Previous Sale Contract Date: Jul 30, 2021
  • Previous Sale Amount: $660,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARM CREDIT
  • First Mortgage Transaction Date: Aug 13, 2021
  • First Mortgage Loan Amount: $680,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Aug 02, 2021
  • Previous Mortgage Loan Amount: $528,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cumberland


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Frequently Asked Questions

When was property at 51 Meadow Lane built and last sold?
The property at 51 Meadow Lane was built in 1986 and last sold on Aug 13, 2021 for $850,000.
How much is this home worth?
The estimated value of the home located at 51 Meadow Lane is $1,203,920.
What are some comparable homes to 51 Meadow Lane?
There are currently no comparable homes to 51 Meadow Lane.

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